Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.014%

Price spread now: edgeX against MEXC−0.415%53s7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.239% of the position

Long on MEXC Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 3 days (all we have)+0.513%+$51 · spread now −0.415%, 7d avg −0.012%

Together, before fees+0.622%+ Points / potential airdropedgeX: Active · farm board+$62 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.403% cheaper against MEXC than usual: you would sell low and buy high, −$40 on $10k if it goes back to its 7-day average of −0.012%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WLD_USDT	0.4749	0.0100	pay 0.0100% / 8h	7h 04m	$49.6M	$55.1M	300x
Short	edgeX WLDUSDC	0.4729	0.0100	get 0.0050% / 4h	3h 04m	$28K	$317K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee edgeXbpOrdersPrice spread, now −0.415%Rate

Funding earned: $0
Price spread: −0.415% → −0.012%: −$40.28
Slippage, 4 orders: −$14.93
Fee MEXC: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$64.2
Costs to cover: 0.239%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; edgeX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 4 min ago	1.06 bp	2.0 bp −$2	6.3 bp −$63	33.0 bp −$3,295	80.5 bp −$40.3K
Sell edgeX live order book, 3 min ago	4.22 bp	8.9 bp −$9	16.4 bp −$164	doesn't fit	doesn't fit

WLD on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXWLDPERP	−0.0163%	8h	0.4711	−0.800%	$51K	$4.0M	1.7x	as long as short
Nado WLD-PERP	−0.0023%	1h	0.4727	−0.453%	$274K	$178K	5x	as long as short
KuCoin WLDUSDTM	−0.0022%	8h	0.4748	−0.021%	$7.1M	$11.2M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4749	−0.007%	$169K	$12K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4729	−0.422%	$56K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4744	−0.105%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0050%	8h	0.4729	−0.421%	$29K	$900K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4743	−0.135%	$208K	$995K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4751	+0.035%	$56K	$485K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4750	+0.021%	$90.8M	$311.6M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4750	+0.021%	$68.9M	$83.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4748	−0.021%	$36.1M	$151.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4744	−0.105%	$7.6M	$36.9M	75x	as long as short
MEXC WLD_USDTlong	+0.0100%	8h	0.4749	long leg	$49.6M	$55.1M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4750	+0.021%	$31.8M	$27.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4749	0.000%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4737	−0.246%	$140K	$277K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4705	−0.934%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDCshort	+0.0100%	4h	0.4729	−0.415%	$28K	$317K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4728	−0.433%	$624K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4723	−0.547%	$57K	$232K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4713	−0.756%	$48K	$1.8M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4733	−0.337%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4728	−0.442%	$230	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4728	−0.442%	$900K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4726	−0.484%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4748	−0.023%	$219K	$906K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4728	−0.432%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4729	−0.430%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4732	−0.358%	$5K	$53K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0173%	1h	0.4731	−0.379%	$147K	$884K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4725	−0.505%	$5.1M	$878K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4729	−0.431%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4751	+0.042%	$340	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0319%	1h	0.4732	−0.361%	$941K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4731	−0.379%	$277K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0887%	1h	0.4757	+0.177%	$53.4M	$44.1M	10x	as long as short
Lighter WLD	+0.0984%	1h	0.4764	+0.324%	$5.4M	$2.1M	10x	as long as short